2 Articles match "Associated","Book","Washington"
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No Mortgage Meltdown For These Banks
percent of all loans outstanding according to the Mortgage Bankers Association. The Hudson down payment numbers contrast strongly with national averages: The National Association of Realtors reports that in 2007 the typical first-time buyer put down just 2 percent, repeat buyers had 16 percent down payments and 25 percent of all purchasers bought with nothing down. In a remarkable advocacy ad in The Washington Post , ING said “we believe that lending institutions should share responsibility No Mortgage Meltdown For These Banks By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
Wachovia Changes The Lending Game
More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
|
MORE
|
-
Wachovia Changes The Lending Game
More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed
www.realtytrac.com
- Tuesday, February 3, 2009
-
No Mortgage Meltdown For These Banks
percent of all loans outstanding according to the Mortgage Bankers Association. The Hudson down payment numbers contrast strongly with national averages: The National Association of Realtors reports that in 2007 the typical first-time buyer put down just 2 percent, repeat buyers had 16 percent down payments and 25 percent of all purchasers bought with nothing down. In a remarkable advocacy ad in The Washington Post , ING said “we believe that lending institutions should share responsibility No Mortgage Meltdown For These Banks By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009